California

The tug of war between Los Angeles World Airports and Ontario city officials over control of LA/Ontario International Airport has picked up steam over the past few weeks, but the issue appears unlikely to be resolved any time soon.

San Francisco-based Catholic Healthcare West has changed its name to Dignity Health to appeal to a broader patient audience.

An audit by Los Angeles Controller Wendy Greuel released Tuesday found that the city failed to pursue all eligible funding opportunities under the American Recovery Reinvestment Act.

In a cart-before-the-horse move, Los Angeles County Board of Supervisors approved a plan to apply for $100 million in state funding to pay for a jail construction plan that has yet to be approved, according to published reports.

California legislative leaders are suing the state’s controller over the authority to suspend lawmakers’ pay for late budgets.

Rating agencies are warning that uncertainty about the elimination of California's redevelopment agencies could affect debt payments and lead to a rash of downgrades for outstanding RDA bonds.

LOS ANGELES — Veteran public finance banker L. William Huck and real estate lawyer and developer Todd Anson have formed San Diego-based Common Bond Capital Partners to capitalize on an estimated $5 billion in defaults expected in the land-secured municipal bond market.

California lawmakers are considering two bills that would amend the fate of the state's redevelopment agencies that are facing termination on Feb. 1.

MONROVIA, Calif.—Three weeks after the California Supreme Court affirmed legislation eradicating the state's community redevelopment agencies, local officials are scrambling to figure out what it means for them.

California Gov. Jerry Brown placed the budget at the top of an ambitious agenda for the new legislative year during his state of the state address.

Moody’s Investors Service has downgraded the troubled Southern California Logistics Airport Authority’s subordinate tax-allocation revenue bonds to B3 from B1.

A high-profile group of California billionaires and influential political players has pulled plans to put two tax initiatives on the November ballot.

Uncertainty over what happens next for redevelopment agencies in California has prompted Moody's Investors Service to downgrade $11.6 billion of tax allocation bonds.

COMPTON, Calif. — The Compton, Calif., mayor's allegations of fraud at city hall have at least temporarily halted the city's ability to get a line of credit to pay bills, according to officials.

When broker-dealers give money to California school bond campaigns, it appears to be money well spent.

Selling $74.3 million of electric system revenue bonds for Vernon, the scandal-ridden California city that narrowly avoided being disincorporated last year, would seem to be an uphill battle.

The Los Angeles City Council has decided to walk away from the city's redevelopment agency, saying it would be too costly to take control of.

The California Senate Transportation and Housing Committee on Tuesday unanimously approved SB 447, which would prohibit the California Housing Finance Agency from foreclosing on borrowers who are renting their homes out and are current on their mortgages

The San Diego Chargers announced in a joint statement with San Diego’s mayor on Monday that they would be staying in the city for another season.

California Controller John Chiang said December revenues came in $165 million below the projections in the governor’s proposed fiscal 2013 budget.